Reported 1 day ago
RBC Capital Markets analyst Tom Narayan has raised the price target for Ferrari N.V. (NYSE:RACE) to $581.42 from $569.79 while maintaining a Buy rating, citing Ferrari's strong brand strength and resilience in luxury auto demand. The new target represents a potential upside of nearly 14.5% from the current market price of $507.70. Ferrari continues to thrive with limited supply and robust orders, benefiting from a shift towards hybrid and electric vehicles. The company's solid financial performance and expansion plans position it well for future growth.
Source: YAHOO